Warmer' Winters: While we still experience snow, the winters here are generally milder compared to New York.Growing Market: Nashville is a booming city with an insane housing market, presenting countless opportunities for real estate investment & House Flips.We also seized the opportunity to buy a beautiful foreclosure home for $775k, which is essentially a mansion with incredible value/equity (Worth $1.3M).

It's not the $5million mansion in Malibu with the owner living in it. 

Airy (19119) and W Germantown closer to Germantown Ave and up north (19144)Southern Eastwick (19153)C: Mix of buy and holds and flips, typically a BRRR neighborhood.West Side of Cobbs Creek this one is rapidly changing (19143/39)South Haddington (19139)Lower West Oak Lane (19138)Mid Kingsessing (19143), Pockets of Elmwood Park (19142) down to Parts of Eastwick (19156)East Germantown further away from Germantown Ave (19144, 19138) or closer to Wayne Junction (19144)Rest of Port Richmond (19134)Olney (19120), La Salle Area (19141, 19144) , Most of the neighborhoods that are adjacent to Broad, north of Roosevelt Blvd all the way to ~Godfrey (19141, 19126)Strawberry Mansion from Cecil B to Diamond (19121)Allegheny West North Of Cambria (19132)Eastwick (19153)C-: Mainly rentals with some low end flips.Elmwood Park (19142)Southern Strawberry Mansion from Diamond to Lehigh (19132)Allegheny West between Somerset and Indiana Ave (19132)NE Harrowgate (19134)Carrol Park/Heston Ville (19131)D: Almost exclusively rentals with home depot style flips.Mill Creek (19139)Most of Elmwood Park, especially the tinier and narrow streets (19142)Parts of Strawberry Mansion by Lehigh Ave to Somerset Ave in Allegheny West(19132)Pretty much all of 22nd Street to Frankford Ave between Lehigh and Roosevelt Blvd (with some exceptions for properties bordering Roosevelt Blvd) (19132, 19140, 19133, 19134)Good Chunk of Frankford (19124)F: Higher Crime and objectively Philly's center for its opioid epidemic.

If it’s a 1910 mansion you obviously need a boatload more to pay for maintenance/repairs than a 2025 condo.

Plenty of good real estate from mansions, multi-million luxury homes, big second home market for vacationers  to undeveloped lots and everything in between.

Hey DenisI have commented a lot about arbitrage in a general sense here, however I believe I am uniquely qualified to answer here as I live and operate about 65 units in this specific market.In 2016 I got my STR start arbitraging a Gulf Front mansion that was in foreclosure and I got a great deal on. 

My first STR was an arbitrage but it was a beach mansion in foreclosure

I could argue that, for the most of us 10 to 20mm is a good stopping point unless you want super yachts, jets, huge mansions or many personal homes in different locations, etc, etc. which most of us will never get to., or need.

Compare your property to other listings in your area that sleep 9, but make sure to only look at comparable properties and exclude any outliers (like a mansion, or a property with not great reviews).

This would be the only historic mansion (it's 4700 feet with the basement, so close enough) in Amarillo that you could rent nightly.